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  • RBI Monetary Policy | Bankers predict up to 50 bps hike in lending rates after repo rate reaches 5.4% Aug 05, 2022 06:29 PM IST

    RBI Monetary Policy | Bankers predict up to 50 bps hike in lending rates after repo rate reaches 5.4%

    A 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said

  • RBI to issue lenders directions on financial ops outsourcing Aug 05, 2022 12:42 PM IST

    RBI to issue lenders directions on financial ops outsourcing

    Although outsourcing of a permissible activity is an operational decision of the lender, it exposes them to various risks, the RBI said

  • Licensed digital lenders violating specified domain not acceptable, says RBI governor Jul 22, 2022 12:31 PM IST

    Licensed digital lenders violating specified domain not acceptable, says RBI governor

    Shaktikanta Das' comments come after the RBI said that loading of credit lines on to prepaid payment instruments (PPIs) is prohibited, a model adopted by many fintechs. RBI to come up with digital lending guidelines within a few weeks, he added.

  • RBI may tighten rules for fintechs as customer complaints rise Jul 15, 2022 06:57 PM IST

    RBI may tighten rules for fintechs as customer complaints rise

    According to people aware of the matter, the central bank has already held discussions with stakeholders on various issues.

  • Catch ’em young: Fintechs now eye the under-21 category May 18, 2022 03:40 PM IST

    Catch ’em young: Fintechs now eye the under-21 category

    A group of fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated. Many firms like Muvin and Pencilton have already launched products like pre-paid cards, and many have either raised funds or are planning to do so to tap the market.

  • ICICI Bank upgrades digital services for MSMEs; to maintain “risk-calibrated growth” approach in lending Apr 28, 2022 06:19 PM IST

    ICICI Bank upgrades digital services for MSMEs; to maintain “risk-calibrated growth” approach in lending

    Executive director Anup Bagchi said banks may soon start to lend to MSMEs based on their cashflows and not on their solvency, thanks to the rapid adoption of digital services.

  • RBI monetary policy | Acting swiftly on complaints of digital lending fraud, says Das Apr 08, 2022 02:50 PM IST

    RBI monetary policy | Acting swiftly on complaints of digital lending fraud, says Das

    RBI monetary policy | The bank will soon issue guidelines on digital lending after going through around 650 suggestions it had received, says RBI

  • Union Bank launches super app 'Union Nxt', to invest Rs 1,000 crore in tech in FY23 Apr 06, 2022 06:50 PM IST

    Union Bank launches super app 'Union Nxt', to invest Rs 1,000 crore in tech in FY23

    The bank is looking to invest nearly Rs 1,000 crore in building and upgrading its digital technology in the present fiscal, as per management.

  • RBI Bulletin: India's digital commerce transactions grew 30% in 2021, up 760 bps than global growth rate Mar 17, 2022 06:27 PM IST

    RBI Bulletin: India's digital commerce transactions grew 30% in 2021, up 760 bps than global growth rate

    India ranked third in terms of the number of start-ups joining the unicorn club in 2021, next only to the US and China.

  • Crypto as an asset class is a risk to equity, says Zerodha’s Nithin Kamath Dec 09, 2021 07:51 PM IST

    Crypto as an asset class is a risk to equity, says Zerodha’s Nithin Kamath

    Kamath said startup founders should raise funds only when required and not just because it is available. Kamath and PB Fintech founder Yashish Dahiya were speaking at Razorpay’s annual event on the future of fintech IPOs.

  • Consumers win in the account aggregator system, but what about banks and fintechs? Sep 07, 2021 08:34 AM IST

    Consumers win in the account aggregator system, but what about banks and fintechs?

    The AA system will disrupt banking as we know it. But it is not all threat to banks, they have new opportunities too 

  • Fintechs lend a hand in COVID fight, take on vaccine hesitancy in villages Jun 27, 2021 09:00 AM IST

    Fintechs lend a hand in COVID fight, take on vaccine hesitancy in villages

    Using their wide network and technology, finetch firms are helping villagers register on CoWin. Their banking correspondents are spreading awareness and also encouraging people to get vaccinated against coronavirus

  • After early boom, fintech lending startups face a reality check Dec 24, 2020 05:38 PM IST

    After early boom, fintech lending startups face a reality check

    The difficulty borrowers face in repaying their loans is forcing many fintech lending startups to restructure loans and show them as ‘standard assets’ as the year draws to a close.

  • Prepaid cards to small loans, fintechs tap the young to power business Aug 24, 2020 11:58 AM IST

    Prepaid cards to small loans, fintechs tap the young to power business

    Startups like FamPay and Slice are coming up with products tailored for students and young professionals. Can they get these consumers to stick around and expand their product suite as they grow up?

  • For credit card push, banks now turn to startups Aug 19, 2020 11:57 AM IST

    For credit card push, banks now turn to startups

    Credit cards gain popularity as startups work out innovative solutions with banks to expand the user base. Can new-age private banks corner a larger market share through these partnerships?

  • Know your rights to fend off recovery bullies unleashed by fintech lenders Jun 19, 2020 11:19 AM IST

    Know your rights to fend off recovery bullies unleashed by fintech lenders

    When you borrow, you’ve got to repay. But lenders cannot humiliate you and use aggressive methods for recovery

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